How much should I spend on groceries each month?
What is the average cost of groceries per month? The average cost of groceries for U.S. households is $4,643, based on 2019 data from the U.S. Bureau of Labor Statistics. This works out to about $387 per month.
Can you live on 1000 a month 2020 UK?
Believe it or not, even if you have plenty of responsibilities, it is perfectly possible to live on £1,000 each month, even less. However, you’re going to have to start thinking creatively. What’s more, you may have to make reductions and big lifestyle changes.
What is a normal grocery budget?
Nationally, the average annual cost of groceries for U.S. households is $4,643, according to 2019 figures from the Bureau of Labor Statistics. That puts the average monthly grocery bill at $387 a month. While that may sound about right for some households, for others it may be way off the mark.
How much do groceries cost per month for a family of 3?
Monthly Grocery Budget
| FAMILY SIZE | SUGGESTED MONTHLY BUDGET |
|---|---|
| 1 person | $251 |
| 2 people | $553 |
| 3 people | $722 |
| 4 people | $892 |
How much does the average person spend on gas a month?
Average Transportation Costs in the U.S. Nearly 90% of U.S. households report spending money on gasoline, an average of nearly $3,000 per year. The average cost of gas per month is $250.
How much does a family of 5 spend a month?
Average monthly expenses for a family of 5: $6,780, or $81,361 annually. Yes, we do note that a family of five has lower monthly expenses than a family of four, according to the BLS.
What are typical monthly expenses?
Necessities often include the following:
- Mortgage/rent.
- Homeowners or renters insurance.
- Property tax (if not already included in the mortgage payment).
- Auto insurance.
- Health insurance.
- Out-of-pocket medical costs.
- Life insurance.
- Electricity and natural gas.
What are average monthly expenses?
The average American’s monthly expenses: $5,102 The average monthly spending of one consumer unit in 2018 was $5,102. That means the average American budget is $61,224 — a 1.9% increase from 2017.